Verde Valley Medical Center

Analysis

Verde Valley Medical Center is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in January 1941, 85 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Verde Valley Medical Center reported income of $191.1m and spending of $165.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $171.0m to $191.1m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Verde Valley Medical Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Grand Lake Mental Health Center Inc ($190.9m), Roper St Francis Healthcare ($191.2m) and Commonspirit Kansas Inc ($190.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 90% of the total. Other salaries and wages came to $62.2m. At year end it held assets of $331.9m against liabilities of $74.2m, net assets of $257.6m.